Читать книгу Wiley GAAP: Financial Statement Disclosure Manual - Joanne M. Flood - Страница 75

A statement of cash flows is a required part of a complete set of financial statements for business enterprises and not‐for‐profit organizations. The following are not required to present a statement of cash flows:

 Defined pension plans that present financial information under Topic 960.

 Other employee plans that present information similar to ASC 960. (ASC 962‐205‐45‐9)

 A common trust fund, variable annuity account, or similar fund maintained by a bank, insurance entity, or other entity in its capacity as a trustee, administrator, or guardian for the collective investment and reinvestment of moneys.

 Investment companies within the scope of ASC 946 if the following conditions are met:Substantially all of the entity's investments are highly liquid,The entity's investments are carried at fair value and classified in accordance with ASC 820 as Level 1 or Level 2 or were measured using the practical expedient to determine fair value and are redeemable in the near term,The entity has little or no debt, based on average debt outstanding during the period, in relation to average total assets, andThe entity provides a statement of changes in net assets.(ASC 230‐10‐15‐4)